Since KPMG presented the first In the Hunter forum in 2014, the downturn in the Australian coal mining industry has continued. More major mining companies have given warning of, or acted on, mine closures, workforce cuts and major asset write-downs.
As difficult as the market is, coal is still recognised as an essential and growing energy source that will continue to make a significant contribution to the global energy mix for decades to come. For most Australian miners, the challenge is how they can best ride out the storm, and be best placed to compete in a market that will most likely look quite different to the one that preceded the price crash.
KPMG looks at ways to further optimise business processes through a sustainable approach to procurement, supply chain and operating model efficiencies to minimise the effect of the downward commodity prices.
This publication discusses the insights and learnings from the 2015 Hunter Valley Coal forum.